Big changes in the way lenders view our credit histories are transitioning into place. In March 2014, changes to the Privacy Act 1988 came into effect to allow for this inclusion of extra information about your credit history in your credit file. The move across to...
It's been pretty difficult to get away from the news, but if you are not aware the Royal Commission into Banking has ended and the recommendations if implemented will signal the end of mortgage broking and possibly competition in the Australian mortgage market. It's been a...
CoreLogic's Hedonic Home Value Index, February 2019 doesn't make happy reading for property values nationally continued to drop. The rate of decline has eased slightly though compared to the previous couple of months. Locally Perth has since a sharper decrease in values after easing off...
This blog post is a personal view from our Finance Broker, Paul Fox. Well, it's certainly been an eventful day in the mortgage broking world. The Royal Commission has made it's recommendations and both main parties have said they will be implementing them. The Royal...
Australia’s Housing Market Records the Weakest Conditions Since the Global Financial Crisis November's CoreLogic hedonic home value index results saw a national slip of 0.7% over the month. Sydney saw a decline by 0.14%, followed by Melbourne 1.0%. Locally there was little festive cheer as Perth's...
Many Aussie families are throwing away thousands of dollars by allowing loyalty to cost when it comes to insurance and finance. Research earlier this year from finder.com.au, revealed that many Australians could be paying the price for their ‘loyalty’ mentality when it comes to everyday living costs....
It's one of the most expensive facilities you will ever take out and sometimes it seems it will never end! We've asked our senior broker Paul Fox to come up with some tips to pay it off sooner. Paul told us "With some proactive strategies...
Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan account,...
Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a...
Christmas is a time to enjoy time with the family and indulge in the excesses that the festive season brings. But for some the festivities are often tinged with that feeling of dread that financial stress can bring out. If this is you then you...